The Financial Crisis: Reform and Exit Strategies

The financial crisis left major banks crippled by toxic assets and short of capital, while lenders became less willing to finance business and private projects. Extensive government interventions helped to avoid systemic collapse of the economy and stabilize the global financial system. This book analyzes the steps policymakers now have to take to devise exit strategies from bailout programs and emergency measures. The agenda includes reform of financial governance to ensure a healthier balance between risk and reward and restore public confidence in financial markets.